74% of latest beneficiaries get worried about the sustainability of the Medicare system
97% feel they are entitled to their advantages, but 84% say major adjustments will be desired to secure Medicare for potential generations
Only 12% are eager to see their gains or expenses adjust right now to ensure the program for long run generations
SANTA CLARA, Calif. , Aug. 7, 2023 /PRNewswire/ — The long-term sustainability of the Medicare program is a big concern for many of today’s beneficiaries but there are restrictions to what they are inclined to settle for to retain it, in accordance to new authentic exploration revealed right now by eHealth, Inc. (Nasdaq: EHTH) (eHealth.com), a leading on the internet personal health insurance policies marketplace.
Previously this 12 months, Medicare’s Board of Trustees approximated that the fund backing Medicare Section A will turn out to be bancrupt and not able to pay back comprehensive benefits by 2031. eHealth’s new survey of extra than 3,500 existing Medicare beneficiaries identified that 74% stress about the extensive-term viability of Medicare. Approximately all (97%) feel they are entitled to the rewards they obtain now, but 84% say important modifications must be manufactured if the software is to endure for potential generations. Only 12% would take will increase in their existing expenses or reductions in their rewards if such improvements ensured the sustainability of Medicare.
“Just after spending into Medicare for quite a few decades, recent beneficiaries justifiably feel they are entitled to the positive aspects they have attained,” stated eHealth CEO Fran Soistman. “Our new exploration shows that they are knowledgeable of, and treatment about, the prolonged-expression economical challenge of funding Medicare. On the other hand, it also highlights the problems for elected leaders who want to do anything about it. My hope is that our research released these days assists deliver important insights to the dialogue.”
Additional highlights from the report:
- 76% of Democrat voters and 74% of Republican voters worry about the sustainability of the Medicare application.
- 62% of Republican voters give the governing administration a D or F quality for performing to secure the long run of Medicare, but 73% of Democrat voters give the governing administration an A, B, or C quality.
- 25% of individuals earning beneath $25,000 for each 12 months are “quite concerned” about the long term sustainability of Medicare, compared to only 12% of people with an annual earnings over $100,000.
Read the entire report.
eHealth’s report is primarily based on a voluntary study of 3,582 beneficiaries who enrolled in Medicare strategies as a result of eHealth, with protection in influence at the time of the study, which was executed in June of 2023. Extra methodology details is delivered at the end of the report.
About eHealth
For above 25 many years, eHealth, Inc. (Nasdaq: EHTH) has expertly guided American individuals with modern engineering and certified advisor assist to assist them come across well being insurance policy and relevant possibilities. By its proprietary well being insurance policy marketplace at eHealth.com, eHealth has connected far more than 8 million users with excellent, economical coverage. eHealth delivers Medicare Edge, Medicare Nutritional supplement, Medicare Section D, specific, loved ones, compact company, and ancillary strategies from about 200 health and fitness insurance plan companies nationwide. For far more information about eHealth, please stop by us at eHealth.com, or adhere to us on LinkedIn, Fb, Instagram, and Twitter.
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Source eHealth, Inc.
